News

Weekly Cannabis Roundup June 25

Lo

by Lo

June 25, 2021 06:30 am ET

Former Eaze consultants get sentenced to jail time for committing bank fraud. Texas Governor Abbott allows a bill that will require the state to research psychedelic therapy for veterans, and Connecticut legalized recreational cannabis!


Video Transcript:

Former Eaze consultants land jail time for bank fraud

and Connecticut legalizes recreational cannabis

This is Lo with Veriheal keeping you up to date with the latest in cannabis news 

Sleazy Eaze Consultants Face Jail Time for Bank Fraud

Remember the chaos surrounding cannabis delivery platform Eaze? The company faced some legal troubles when employees got caught defrauding banks.

CEO Jim Patterson pled guilty last year to committing bank fraud 

And now, 2 former consultants have been sentenced to more than a year in prison each. 

Eaze, itself, wasn’t ever charged with any crimes and actually cooperated with authorities who ultimately found that the consultants used shell companies to disguise cannabis transactions as those for other various commodities for 3 years. 

If you aren’t aware, there are limited banking options when it comes to the cannabis sector

Because it still remains a federally prohibited substance, most banks insured by the FDIC consider it risky. 

Which, unfortunately, leads to situations where cannabis businesses lie about what they do. 

Texas to Research Psychedelic Therapy for Veterans With PTSD

Next in news, 

if you’re a veteran in the state of Texas and are interested in psychedelic therapy for PTSD, do we have some news for you! 

Just days after lightly expanding the state’s medical cannabis program, Governor Abbot allowed a bill that would require the state to explore psychedelic therapies.

Under this new measure, the state will partner with Baylor’s College of Medicine and another military medical facility to study the risks and benefits of psilocybin, MDMA, and ketamine for military veterans. 

Representative Alex Dominguez, the sponsor of the bill stated that “psychedelic medicine has the potential to completely change society’s approach to mental health treatment, and research is the first step to realizing that transformation.” 

Texas joins a handful of other states that are reforming laws surrounding psychedelics. 

Connecticut Legalizes Recreational Cannabis

And last but not least,

Connecticut has officially legalized recreational cannabis use! 

The new law will officially take effect on July 1. However, the retail market will not be established until 2022.

The law allows those aged 21 and up to possess up to 1.5 ounces on their person and up to 5 ounces in a locked container in a home. 

It also establishes market framework where those from communities impacted by the War on Drugs will be given priority for licenses, 

The new law also addresses expungement for certain cannabis convictions as well as provisions for enforcing drugged driving. 

We can’t wait to see what’s in store for Connecticut! 

So go ahead and like this video and give us a follow at Veriheal for the latest in cannabis news. 

Thanks for watching! 

 

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